Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: GROUND ZERO™ who wrote (50335)	5/16/2013 1:06:47 PM
From: Fintas	Read Replies (1) of 219717

I'm not watching it that closely re GOLD but I think I saw a 1382. Previouls I presented watch how far it goes UP on the bounce. I gave two separate areas. If the top one was hit then those who were thinking 1000 would be wrong. If the second one was hit then EXPECT a pullback towards the previous low. So here and now it's obvious the higher target of 1540-1558 was not hit. But underneath if memory serves me the 1486 plus was hit. So working from a 1458, 1405/1350. Watch for that area or 1350 here and now. Maybe plus a bit at the 1350 or 1366. IF that area is breached. then expect the test of the low and failure. If it is NOT breached I.e the 1350 then watch for another bounce to try for the 1450. If it doesn't hold rinse wash repeat. Each time going a bit deeper till the sellers are done. I'm still sticking with the lows I've presented. It's how we get there. So trade away just don't forget let your model guide you. The numbers I present are to just give an idea of ranges and trend. IMHO Fintas

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